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IMF revises Pak's foreign loan requirement to USD 25 bn: Report

  • Pakistan's foreign loan requirements for the fiscal year have been revised down by the IMF to USD 25 billion, providing relief to the cash-starved economy.
  • The IMF has reached a staff-level agreement to release $700 million in the second tranche of the agreed $3 billion loan to Pakistan.
  • The IMF has adjusted projections for economic growth, inflation, and foreign remittances, aligning with the World Bank and Asian Development Bank's forecasts.
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Devdiscourse broke the news in India on Saturday, November 18, 2023.
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